After several days of shocks, basically those smart people, those who have the opportunity to learn more about the inside story have completed the retreat, so at this time, the market is still chasing higher is basically some retail investors, so the time for the crash has finally come.

In the rise of the stock market, those big capitals can get a very large profit, and in the same way, in the fall, they can also get a lot of profit, and this benefit lies in shorting. When they predict that the stock price is going to plummet, they can borrow some shares in the market, then sell those stocks, and when the stock price falls, they can buy the same number of shares with much less money and pay them back, and in the process, they can also get a lot of benefits.

It was a Tuesday morning, and as usual, the stock market in New York was busy. The market continues yesterday's volatile trend, but everyone seems to have become a little accustomed to this situation, and even numb. In the morning, when there was still half an hour before the end, the stock price generally fell again, but everyone didn't care very much about it, because according to custom, at about half past two in the afternoon, the stock price would be pulled up again, and it had been like this for several days, so what was so scary? Some newcomers even see this change as a law of the stock market.

The stock market does have a law, but there is no such simple, easy-to-grasp law. On the contrary, there is one thing that is not actually a rule, that is, if the stock market continues to have this so-called easy-to-grasp law, it is most likely that something is wrong.

It is very dangerous to get the law wrong, and it is even more dangerous to further use this kind of law that is not actually a law to guide life. It's like a chicken, and after a long period of observation, Jean has come to a rule that there is no exception: every morning a peasant woman will appear, and then there will be grain falling from the sky. It felt that this was a rule, a law that would allow it to eat enough every day without exertion. So one morning the peasant woman appeared again, and then there was chicken soup for the peasant woman's lunch—and today, instead of bringing the grain, she brought a knife.

It was the same in the stock market on this day, and the time quickly came to half past two. Kaul, a new shareholder, confidently told his friend Morse: "Don't worry, don't worry. You see, it's going to be half past two in a minute, and at half past two, the stock price will go up. We just bought a lot at one o'clock, and according to the law, the price at this point in time is usually the lowest price of the day. When you wait until half past two, you can see that the stock price will rise in a hurry. ”

Under the expectation of countless people, half past two finally arrived, however, the stock price did not look like it was going to rise at all.

"Don't panic, don't panic, it's going to go up soon!" Karl's voice was still steady, "It's just a little late." ”

On the other side, in the big room, a large number of traders have been given instructions to quickly sell the stocks in their hands.

The clock pointed to 2:35, and the market, which had not made a big move, suddenly plummeted, and the prices of various stocks fell so fast that even the quotation machine that had already used electric quotations could not be flipped.

"This ...... This ......" Morse was speechless, but his eyes widened in horror, and beads of sweat the size of soybeans rolled down his forehead like rain.

"Don't be afraid, it's a technical adjustment, don't be afraid!" Kaul's eyes widened, and he reached out and grabbed Morse's wrist, pinching him painfully. He shouted loudly: "Don't be afraid, it's a technical adjustment, and it will go up, don't be afraid!" ”

Kaul is right, in the long run, any crash can be seen as a correction in essence, and the stock price will indeed rise. Even if you are really sad to fill the warehouse with oil, there will always be a day when it will rise. It's just that when that day comes, it's hard to say whether or not "the family sacrifice is not forgotten".

By the end of the day, the stock price as a whole had fallen by 12 percent in one fell swoop. But this is not the most tragic, the most tragic thing is that when those shareholders who were slaughtered fiercely came out of the exchange in frustration, ready to suppress the shock or ready to borrow wine to drown their sorrows to go to the small hotel on the street, ready to go home and cry bitterly, ready to go to the New York Tower or the seaside, of course, there are more people who have hope, they always hope that this is really just a technical adjustment, maybe tomorrow, there will be a big rise. They entered into the dream with a beautiful dream, but when they got up early the next morning, they saw a group of newsboys running around and shouting: "Outside! Extra! View the Frankfurt stock market crash, down nearly twenty percent in one morning! ”

The news fell on the heads of these retail investors like a thunderbolt. Even inexperienced people know that in this era, the economic ties between countries are so close that it has become a well-known rule that country A sneezes when country A has a cold. It is precisely because of this close connection that some people have come to the optimistic conclusion that "a large-scale war cannot happen, because such a war would be suicidal under such close economic ties." Of course, it won't be long before a big slap in the face will slap these optimists in the face.

If it were just a momentary fluctuation in the United States, it would be less likely that something would go wrong, but if a cascading decline between countries is formed, it will be extremely difficult to stop it. It's like dominoes, one after the other, one affects the other...... In the end, an irretrievable trend was formed.

So when the stock market opened today, everyone was praying to God: the U.S. stock market must hold on, not continue yesterday's momentum. However, almost all of them have added this sentence to their prayers: If it must collapse, I must be the first to throw what I have in my hands.

Although theoretically, if everyone doesn't dump, the stock price won't fluctuate much. At least there won't be a cliff-like crash. But many times, the best choice for the whole is not the best choice for each individual. Because it is impossible to determine whether everyone will be pressed or not, in such a situation, it is the best choice for individual individuals to sell their stocks as soon as possible. Because if you hesitate and don't sell in time, and others do, then the stock price will naturally continue to fall, and then you will suffer even greater losses. But once everyone takes the best approach to their own interests, then there will inevitably be a situation where everyone frantically sells their stocks, and then there will inevitably be a stock market crash. This outcome is the most unfavorable for most people.

But even the best of one's own interests can lead to the most terrible results, which ultimately lead to extreme disadvantage for oneself. But most people make the choice that is best for them. Therefore, after the opening of the market, although most people were praying for the United States to resist, the market still collapsed quickly when most people quickly sold their stocks at the same time. In just one day, the Dow Jones fell by 20 percent, a day that was also dubbed a black Wednesday by the media. And that's just the beginning.

On Thursday, Standard Oil announced a sharp cut in the price of crude oil and petroleum products, and two days later, McDonald Steel announced that it would cut back on production because of insufficient demand. Immediately afterwards, Vale Iron Ore also said that due to the reduction in orders, they will also close some of its iron ore mines to reduce production. At the same time, his iron ore mine is also preparing to lay off about 15 percent of its employees...... These bad news have further hit the capital market hard, not only the US market, but also Frankfurt in Germany and London in the UK. A large number of companies then declared bankruptcy.

……

"Dena, are you really going to leave Germany?" Li Poker asked helplessly, shaking his head slightly. He also knew that Dena was not an impulsive person, but because of this, once she made a decision, it must have been well thought out, and therefore difficult to change.

"Yes." Dena replied dryly.

"But...... But the conditions of the revolution in Russia were not at all comparable to those in Germany. You know, Dena, that this depression will certainly make life harder for the workers, and that the time for revolution may soon be ripe. Lee knew it would not be easy to impress Dena, but he decided he wanted to do his best.

"You are right, but in addition to these external conditions in which the revolution is wrong, there is another condition that is no less important, and that is the situation of the leader of the revolution, the vanguard of the proletariat. In Germany, the situation of this team is very not optimistic. "Dena, as before, is always direct and scathing in her words.

"We do have differences, but in any case, we are all working for the good of the working class. Over the years, we have made various efforts, including legal efforts, to ensure that the rights of workers have been guaranteed to a certain extent, haven't they? Since we have the same goal, we can be together. ”

"The SPD in Germany has been bought off by the achievements of so-called legitimate efforts." "They think that they can resolve the contradiction between the proletariat and the bourgeoisie by means of class reconciliation." Look at how they explain the economic crisis, they actually claim that the emergence of the economic crisis is completely regular and inevitable, just like nature, there is summer and winter. Putting aside the reliable tools of mathematics and relying on such vague metaphors to deceive and fool the workers, they have degenerated into the same way as those trade unionists, who have actually played the nationalist deception. Believe it or not, it won't be long before they go one step further and sit down on the side of the capitalists and deceive the workers that they are in a difficult situation because foreigners have robbed them of their jobs, so they should hate foreigners the most, not ' The German capitalists, who are also struggling with the economic crisis, will then praise the wars of aggression against other countries, and deceive the proletariat that if the capitalists eat meat, the proletarians will be able to drink the soup, so that they will willingly become cannon fodder for the capitalists. The party of the proletariat in Germany has degenerated into real thieves, and the left is not yet willing to distance itself from them. So, I don't think there will be a revolution in Germany. Germany will only start a war. In contrast, the Bolsheviks in Russia were much more sober and resolute. Karl, I have a feeling that the greatest revolution in the history of mankind will begin in Russia, not in Germany. And I have to go and join this greatest revolution. ”